On the 2nd of November, an attacker minted and sold 79 billion AXN tokens, causing the token to crash totally. As a result of the attack, the AXN token value plunged from $0.00036673 to zero.
Shortly after, Axion an assuring statement to its users:
reportdenied“The Axion $AXN exploit was added to their smart contract after the audits were completed, suggesting an inside job. Over 1300 ETH was stolen.”
The claims that Axion is cheaper and faster than Bitcoin. The official whitepaper also said that Axion “generates interest directly to the network participants through fixed inflation.”
Apart from claiming to be better than Bitcoin, Axion developers also claim superiority over Hex.
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